India’s relations with the Gulf countries have been successful and are shaped by various factors. Elaborate (200 Words)
Refer - Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· India has enjoyed centuries of good relations with countries like Iran, while smaller gas-rich nation Qatar is one of India’s closest allies in the region. India shares good relations with most of the countries in the Gulf.
· The two most important reasons for the relationship are oil and gas, and trade. Two additional reasons are the huge number of Indians who work in the Gulf countries, and the remittance they send back home.
· UAE: The UAE was India’s third largest trading partner in 2021-2022, and second largest for both exports ($28 billion) and imports ($45 billion) when these are counted individually.
· Saudi Arabia: While exports were low at $8.76 billion (2.07% of India’s total exports), imports from Saudi Arabia were the fourth largest at $34.1 billion (7%), up 50% from the previous year. Most of it was crude oil.
· Qatar: The total trade was $15 billion, accounting for just 1.4% of India’s total trade, but the country is India’s most important supplier of natural gas.
· In terms of remittances from abroad, India was the largest recipient in 2020 at $83.15 billion, according to World Bank data. This was nearly twice the remittances to the next highest recipient, Mexico, at $42.9 billion.
SUNNY KUMAR 2 years
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IAS Parliament 2 years
Try to stick to word limit and provide dta to support your answer. Keep Writing.
Samy uvaraj 2 years
Comment please
Thankyou
IAS Parliament 2 years
Try to include datat to support your arguments and bring coherence in the answer. Keep Writing.
